I'm underwriting an 80+ unit property and it seems like the purchase price is too high compared to the market.

It is slightly underrated compared to some of the others you hear about constantly. 

You're also comparing the mountainous region of North Carolina with an oceanfront region of Florida rather than something a little more intellectually honest such as the saltwater marsh and lowland regions of North Carolina on the Atlantic ocean. 

The level of fixed costs to operate has gotten so strong, while demand has diminished and is a fraction(depending upon what business) compared to 21-22.

My roof is not dark (it's metal, orange-like color) but it's not really visible given the higher elevation compared to the street. 

And they are literally out that $50k compare to if they bought the house next to you (with $62k down) and made it an Airbnb.

I'm looking to connect with a reliable, skilled contractor who has solid experience specifically in Fix & Flip projects.

Quote from @Evan Polaski: @Enrique Roth, every investor should be preparing a full appraisal package.In mine, I include 1. before and after photos, 2. 5-6 comps that I want the appraiser to use, WITH explanations of what the comps have or don't have compared to mine.  

Which leads me to believe that option 3 will be better for protection compared to options 1 and 2 . 

My wife and I have two reliable vehicles but I decided when they were paid off to start saving right away for the next one by making car payments to myself.